The investment objective the Sub-Fund is to track both the upward and the downward evolution of the MSCI Europe Climate Action Net Total Return Index. The Index is based on the MSCI Europe Index and is representative of the performance of large and mid-cap stocks, across developed European countries, issued by companies that have been assessed to lead their sector peers in terms of their positioning and actions relative to climate transition, based on, among others, the MSCI Climate Risk Management Weighted Average Score, while minimizing the volatility of the difference between the return of the Index and the return of the Parent Index.